1515/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1515/480-490 Collins St, Melbourne
1515/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (December 2025)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 27 years' experience in the serviced apartment market.
If you'd like to discuss your investment property options please call me on 0438 557 885
Tenanted until February 2028 to Oaks Hotel, enjoy the benefits of a secure lease with the option to occupy thereafter.
This is an oversized North facing executive studio serviced apartment measuring approximately 30 sqm. Situated on the15th floor of the renowned 'Oaks on Collins' building, the apartment opens to a sunny and light-filled balcony and features a stone-topped and waterfall-edged kitchen bench with an induction cooktop, as well as a built-in desk. A neat stylish bathroom underlines a commitment to best use of the space.
Residents of The Oaks will enjoy access to premium building amenities, including a fully equipped gym and hotel-style concierge offering both convenience and lifestyle appeal.
Set on prestigious Collins Street, this location places you right in the center of Melbourne's business, retail, and entertainment precincts. Southern Cross Station, free trams, laneway cafes, restaurants, and shopping arcades are all within easy walking distance.
This is surely an investment opportunity to consider
IMPORTANT INFORMATION:
RENT: $24,600 pa
($471 per week approx.)
MARKET REVIEW: Annual
RETURN: 10% Gross
(7.5 % Nett)
LEASE: Until 29th Feb 2028
OWNER OUTGOINGS:
Owners Corp Admin Fee: $2,716 pa
Owners Corp Maintenance Fee: $1,098 pa
Council Rates: $1,052 pa
Water Rates: $1,131 pa
Inspection is by private appointment or as advertised.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 1515/480-490 Collins St, Melbourne, VIC 3000
- 06 Nov 2025Sold for $240,000
- 30 Oct 2025Listed for Sale $247,000
- 27 Mar 2024Sold for $225,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,209 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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